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Magnetotelluric (MT) data consist of the sum of several types of natural sources including transient and quasiperiodic signals and noise sources (instrumental, anthropogenic) whose nature has to be taken into account in MT data processing. Most processing techniques are based on a Fourier transform of MT time series, and robust statistics at a fixed frequency are used to compute the MT response functions, but only a few take into account the nature of the sources. Moreover, to reduce the influence of noise in the inversion of the response functions, one often sets up another MT station called a remote station. However, even careful setup of this remote station cannot prevent its failure in some cases. Here, we propose the use of the continuous wavelet transform on magnetotelluric time series to reduce the influence of noise even for single site processing. We use two different types of wavelets, Cauchy and Morlet, according to the shape of observed geomagnetic events. We show that by using wavelet coefficients at clearly identified geomagnetic events, we are able to recover the unbiased response function obtained through robust remote processing algorithms. This makes it possible to process even single station sites and increase the confidence in data interpretation.